other_material
confidence high
sentiment neutral
materiality 0.55
Broadstone Net Lease invests $171.7M YTD, draws remaining $100M on term loan, rents 99.1% collected
Broadstone Net Lease, Inc.
- QTD investments $83.3M ($54.7M acquisitions, $28.6M build-to-suit); YTD total $171.7M.
- $191.6M of new acquisitions under control, primarily industrial ($170.2M) and retail ($21.4M).
- Sold two healthcare assets for $5.5M; Clinical & Surgical healthcare now 2.4% of ABR.
- Drew remaining $100M on $400M unsecured term loan (now $500M); proceeds repaid revolver.
- Collected 99.1% of base rents year-to-date for all properties under lease.
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